Ethereum and Solana are once again attracting investor attention as the altcoin market shows signs of activity. Ethereum approaches the $4,000 mark while Solana hovers around $180.
Ethereum Shows Strength Into Q3
Ethereum (ETH) is currently priced at $3,801, up 1.48% in the past 24 hours and 5.42% over the last week. The token’s momentum is being fueled by surging institutional interest, with over $5.4 billion in ETF inflows recorded this month. On-chain data also shows aggressive whale accumulation, with large holders scooping up more than $4 billion in ETH.
The rally has been steady, supported by solid fundamentals and a favorable technical setup. RSI indicators remain balanced, showing room for growth without signaling overbought conditions.
Solana Faces Pullback After Strong Rally
Solana (SOL), now trading at $179.42, is down nearly 6% on the week, even as its long-term chart remains bullish. The RSI reading is slipping below 37, often a sign of oversold conditions, though no strong rebound has formed yet.
SOL had previously pushed above $200 but has since retreated as traders rotated profits elsewhere. Despite its drop, Solana maintains a sizable market cap of $96.5 billion, keeping it firmly in the large-cap category.
Conclusions
In summary, Ethereum appears to be regaining its leadership role thanks to strong ETF inflows and growing institutional demand. Solana, while still relevant, is showing signs of cooling in the short term.
Thus, Ethereum, benefiting from significant inflows and institutional interest, is poised to take a central role in the altcoin market, while Solana shows some signs of weakness.
